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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.105 0.025 (31.25%)+
Announcement
Release
11 Dec 2025 9:41AM
Price at Release
$0.080
Full Release
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Summary
MetalsGrove Mining Ltd (ASX: MGA) has successfully secured $2.7 million through an oversubscribed two-tranche placement to sophisticated investors and existing shareholders. The funds will facilitate the launch of gold exploration activities at the Central West Gold Project in Côte d'Ivoire. This project is strategically located along the Abujar–Napié gold trend, positioned between the Napié gold deposit and the Abujar gold mine. The company aims to conduct extensive geochemical surveys and initiate a drilling program to advance resource definition. The placement was managed by Shaw and Partners Limited.
Key Points
  • Oversubscribed $2.7 million raised
  • Two-tranche share placement
  • Funds to support gold exploration in Côte d'Ivoire
  • Central West Gold Project strategically located
  • Geochemical surveys and drilling program planned
  • Placement managed by Shaw and Partners Limited
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.